Planning to retire next year at 49 with $6.5 million - will $100k annually from a side hustle be enough?

Retiring at 49 with a $6.5 million portfolio raises important questions about long-term financial stability, particularly regarding lifestyle creep and sustainable spending.

The need to consider whether their nest egg will sustain their desired lifestyle is crucial, especially since they may need to plan for many years before Medicare kicks in.

Even with a robust $6.5 million, thoughtful financial planning is essential to avoid overspending and ensuring the nest egg lasts through their non-working years.

Using a conservative withdrawal rate of 3.7% means the Reddit user could withdraw about $240,500 annually, which requires careful budgeting against potential lifestyle inflation.

Read at 24/7 Wall St.